Quilter is cutting platform charges for new customers from June and existing customers in Q3 - and introducing tiered adviser charging.

FCA proposals to align rules for fund managers and discretionary investment managers pose a “material threat” to managed portfolio services, according to wealth management trade association PIMFA.

Platform and SIPP provider AJ Bell has reported a 37% rise in revenue to £103.6m for its half year ended 31 March, in figures out today.

The Financial Services Compensation Scheme is probing two overseas-based adviser firms which used used EU 'passporting' rules to advise UK clients on pension transfers.

Industry experts have cautioned clients to avoid assuming that the inflation spike is over following news this morning of a significant drop in CPI inflation in April.